You purchased put option on wxx stock with strike price of, Financial Management

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You purchased put option on wxx stock with strike price of

Three months ago, you purchased a put option on WXX stock with a strike price of $60 and an option price of $ 60. The option expires today when the value of WXX stock is $62.50. Ignoring trading costs and taxes:

a. what is your total profit or loss on your investment?

b. Using a free hand graph, graphically present the profit/loss position above

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Financial Management: You purchased put option on wxx stock with strike price of

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Financial Management: You purchased put option on wxx stock with strike price of

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